I think I've paid enough

Date: Thu, 02/28/2013 - 14:20

Submitted by anonymous
on Thu, 02/28/2013 - 14:20

Posts: 202330 Credits: [Donate]

Total Replies: 4

Hello, I am looking for help to take back control over my bank account! I had a little trouble around Christmas and took out several internet payday loans to get myself out of the retail whole. (I know I know) I'm a single mom of two and wanted my boys to have a good Christmas...I couldn't help it! I have paid the companies every two weeks by having them draft from my account once due. I am thinking now that this is overkill and they have been paid! How can I get them to stop?! Please help! I live in Tennesse. I have loans with the following:

Mobiloans - Borrowed $500 Paid $597.82
MoneyShopUSA - Borrowed $300 Paid $385
VIPCash - Borrowed $250 Paid $377

Thanks so much for any help!

Thank you so much! I used a

Thank you so much! I used a letter template that you, Steve, had posted on another forum and sent it to the lenders. I received an email from Mobiloans saying that I was PIF and they would no longer attempt to draft my account. I cannot log into MoneyShopUSA anymore so I assume that they have removed my account info. Haven't heard anything from VIPCash/QLoot but I heard they were hard to deal with so I still closed that account as a precaution. I was quite suprised at the quick results, without one harrassing phone call!! I wonder if they will give me a refund as requested but just the fact that they aren't bothering me is great enough! Thanks again!

lrhall41

Submitted by on Wed, 03/06/2013 - 13:08

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Well, we got a bit of good

Well, we got a bit of good news for you. You are done paying these illegal lenders. You do not need to repay them anything more than the total principal amount you borrowed originally, no interest or finance fees. In your case, you have already overpaid all of them. Now you have a task at hand and there are multiple steps you need to take to protect yourself.
1. Revoke ACH authorization in writing with your bank and the lender. Send a copy to the bank and another to your lender.
2. Revoke any voluntary wage assignments in writing as well. Send a copy to the lender and another to your payroll/HR.
3. Contact your lenders in writing and demand a PIF letter and a refund of the amount you paid over and above the principal you originally borrowed.
4. File complaints with the AG and the FTC.
5. Ignore the badgering phone calls that would follow.

You have nothing to worry about. Just follow the steps and you will be out of the jam.

lrhall41

Submitted by Steve Barris on Thu, 02/28/2013 - 19:22

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Are you due a refund for VIP

Are you due a refund for VIP/Qloot? If so, contact David Cobbett, DMA Financial Corp., Chief Compliance Officer, 1700 E. Desert Inn Rd., Ste. 207, Las Vegas, NV 89169 or email david@qloot.com Awhile back I had a loan thru them and after going back and forth, I was given a refund. I hope that the info I have still applies. Good luck!

lrhall41

Submitted by bingonut on Wed, 03/06/2013 - 13:22

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All of your lenders are

All of your lenders are illegal mate. You can close down your old bank account and open a new one to stop debiting money from your bank account. Don’t pay them an extra penny other than the principal.

lrhall41

Submitted by on Mon, 03/04/2013 - 00:18

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